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Politics : Ask Michael Burke

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To: JHP who wrote (93449)	12/8/2001 1:30:50 PM
From: William Douglas	Read Replies (1) of 132070

There will be more to follow no doubt. However by the numbers so far it hardy looks like the BK for HAL. The floodgates have been open for years. How a jury rules in a particular case isn't going to have any effect on the number of "legitimate" cases brought in the future. >>In a Nov. 8 filing with the SEC, Halliburton said about 340,000 asbestos claims had been filed against the company and its subsidiaries since 1976, of which 194,000 had been resolved, leaving 146,000 open claims. It said the cases resolved through settlements and court proceedings had cost a total of $143 million, of which it expects to recover all but $38 million form its insurers.<< ``We believe that open asbestos claims will be resolved without a material adverse effect on our financial position or the results of operations,'' the company said in its filing.

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